UnitedHealth price ends cautiously higher - Forecast today - 01-04-2024

Economies.com
2024-04-01 11:19AM UTC

UnitedHealth Group Stock Analysis

  • The intraday levels of UnitedHealth Group’s stock (UNH) witnessed a rise despite negative pressure from the 50-day SMA.
  • The dominant downward trend and secondary short-term trend line indicate a bearish sentiment.
  • The RSI has reached overbought levels compared to the stock’s movements.

Forecast and Analysis

Considering the current trends and indicators, we anticipate a downward movement in the stock price, targeting the significant support level of $473.36.

If the resistance level of $501.75 holds, it would support this bearish forecast.

Trend Forecast

Likely Bearish

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